Squadron backs Green incentive program

[media-credit id=1 align=”alignright” width=”300″][/media-credit]In advancing the mission to provide service and advance Lower Manhattan, the Downtown Alliance, backed by State Senator Daniel Squadron, has put forth an initiative to launch the Green Commercial Incentive Program.

In Squadron’s letter to Governor Cuomo, the Senator asserted that, after the state passed legislation, New York has the means to create jobs and build the economy. The incentive program is expected to reduce energy use, increase tax revenues, grow and retain employment, as well as sustain the market for “green-tech” jobs, according to the proposal.

Squadron proposed that the Downtown Alliance be allotted $10 million to launch the program. “The program would cover the cost for new commercial tenants who make sustainability improvements to their spaces by offering a grant of refundable credits and supporting small businesses and building owners. The investment…. would contribute to Lower Manhattan’s continued redevelopment and growth,” the letter read.